Interbank Market News Scan: Eastern Caribbean and Trinidad and Tobago dollars see ups and downs over last 30 days …

Photo by Karolina Grabowska on Pexels.com

Links you should follow …

Trading desks. As Beijing attempts to regulate and suppress the cryptocurrency boom, traders have been evading regulatory oversight by using over-the-counter trading desks. https://www.investing.com/news/cryptocurrency-news/chinese-traders-turn-to-otc-desks-amid-regulatory-crackdown-2519626

Trading desks. A study by UNSW Business School associate professors Elise Payzan-LeNestour and James Doran looked at how ambient sound affects financial traders’ abilities to perceive financial risks.  https://www.financialstandard.com.au/news/how-noise-impacts-trading-performance-179778519

 Interbank. Global financial regulators on Wednesday urged firms to stop using Libor by the end of the year, and said derivatives markets linked to the tarnished interbank rate should switch to “risk free rates” or RFRs compiled by central banks. https://www.reuters.com/article/us-g20-libor-regulator-idUSKCN2DE112

Foreign exchange rates of interest; 30-day range from 2 May 2021 to 2 June 2021

Currency PairsRates as of 10:30 am AST 2 June 2021Rates as of 2 May 2021Percentage Change
XCD/EUR0.30290.3080-1.7%
XCD/GBP0.26100.2679-2.6%
XCD/USD0.37040.3704flat
XCD/CAD0.44630.4551-1.9%
TTD/EUR0.11880.1203-1.2%
TTD/GBP0.10230.1046-2.2%
TTD/USD0.14520.1446+.41%
TTD/CAD0.17500.1776-1.5%
GYD/EUR0.00380.0038flat
GYD/GBP0.00330.0033flat
GYD/USD0.00460.0046flat
GYD/CAD0.00560.0056flat
Source: OANDA

The Eastern Caribbean region saw its foreign exchange rate decrease or remain flat between the European Union, Great Britain, the United States, and Canada.  The Euro price for the Eastern Caribbean dollar fell 1.7% to EUR 0.3029 from EUR 0.3080 on 2 May 2021.  The pound price of an Eastern Caribbean dollar fell 2.6% to EUR 0.2610 from its 2 May 2021 level of EUR 0.2679. The Canada dollar price of the XCD fell 1.9%.

The Trinidad and Tobago dollar was a mixed bag over the same 30-day period.  The Canada dollar price for TTD fell 1.5% from CAD 0.1776 to CAD 0.1750.  The Euro price of the TTD fell 1.2% to EUR 0.1188 from EUR 0.1203. Meanwhile, the pound price of the TTD fell 2.2%.

The price for the Guyanese dollar remained flat over the period 2 May 2021 to 2 June 2021.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: